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Market Structures
The organization and characteristics of a market, determining the level of competition and pricing power, such as monopolistic, oligopolistic, and competitive markets.
Tit-For-Tat
A strategy in game theory and negotiations where a participant replicates an opponent's actions, commonly used to enforce cooperative behavior.
Competitor
An entity that competes in the same market for customers with another entity.
Game Theory
A theoretical framework for conceiving social situations among competing players. It is used in various fields, such as economics, political science, and psychology, to model strategic interactions.
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